KSOE Obtains Orders Worth US $380m


Korea Shipbuilding & Offshore Engineering (KSOE), holding entity overseeing shipyards of South Korea’s conglomerate HD Hyundai, has added 525 billion won ($377 million) contracts for 8 ships to its swelling order book for the year, says an article published on M.Mk.co.

Petrochemical product carriers

According to KSOE on Monday, it signed a contract with two unnamed African shippers to build four 1,400 twenty-foot equivalent unit (TEU) LNG-powered container vessels and four 50,000-ton petrochemical product carriers to be delivered in stages starting in the first half and the second half of 2025, respectively.

Dual-fuel LNG engines

The contract includes options for two additional vessels.

The LNG-powered container vessels – 170m long, 27.6m wide, and 15m high – will be built at Hyundai Mipo Dockyard (HMD) in Ulsan. The vessels, which are powered by dual-fuel LNG engines, satisfy the stringent International Maritime Organization (IMO) climate regulation standards.

Annual target 

The petrochemical product carriers -183m long, 32.2m wide, and 19.1m high – will be built by Hyundai Vietnam Shipbuilding, an HMD unit.

KSOE has so far won orders worth $20.35 billion for 176 ships, overachieving its annual target of $17.44 billion.

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Source: M.Mk.co


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